Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
107.06 (1y: +28%)
Market Cap 34.15 B P/E(ttm) 12.40
Enterprise Value 37.3 B P/B 876.36
LMT- NYSE (USA)
Lockheed Martin Corporation
  • Currently 3/5
Business Predictability Rank: 3-Star
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$107.06
Switch to:

GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.301
LMT's Cash to Debt is ranked lower than
781249% of the 128 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.67 vs. LMT: 0.301 )
LMT' s 10-Year Cash to Debt Range
Min: 0.04   Max: 0.68
Current: 0.3
0.04
0.68
Equity to Asset -0.267
LMT's Equity to Asset is ranked lower than
1075268% of the 93 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. LMT: -0.267 )
LMT' s 10-Year Equity to Asset Range
Min: -0.27   Max: -0
Current: -0.27
-0.27
-0
Interest Coverage 11
LMT's Interest Coverage is ranked lower than
999999% of the 100 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 15.60 vs. LMT: 11 )
LMT' s 10-Year Interest Coverage Range
Min: 2   Max: 15
Current: 11
2
15
F-Score: 6
Z-Score: 2.56
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 8.90
LMT's Operating margin (%) is ranked lower than
900900% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.90 vs. LMT: 8.90 )
LMT' s 10-Year Operating margin (%) Range
Min: 5.9   Max: 12
Current: 8.9
5.9
12
Net-margin (%) 5.8
LMT's Net-margin (%) is ranked lower than
943395% of the 106 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.20 vs. LMT: 5.8 )
LMT' s 10-Year Net-margin (%) Range
Min: -4.4   Max: 7.5
Current: 5.8
-4.4
7.5
ROE (%) 7038.5
LMT's ROE (%) is ranked lower than
952380% of the 105 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.40 vs. LMT: 7038.5 )
LMT' s 10-Year ROE (%) Range
Min: -16.2   Max: 7038.5
Current: 7038.5
-16.2
7038.5
ROA (%) 7.1
LMT's ROA (%) is ranked lower than
943395% of the 106 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.80 vs. LMT: 7.1 )
LMT' s 10-Year ROA (%) Range
Min: -3.8   Max: 10.5
Current: 7.1
-3.8
10.5
ROC (Joel Greenblatt) (%) 90.70
LMT's ROC (Joel Greenblatt) (%) is ranked lower than
952380% of the 105 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.50 vs. LMT: 90.70 )
LMT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 29.8   Max: 194.2
Current: 90.7
29.8
194.2
Revenue Growth (%) 5.4
LMT's Revenue Growth (%) is ranked lower than
1282050% of the 78 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.50 vs. LMT: 5.4 )
LMT' s 10-Year Revenue Growth (%) Range
Min: -2.9   Max: 9.4
Current: 5.4
-2.9
9.4
EBITDA Growth (%) 3.7
LMT's EBITDA Growth (%) is ranked lower than
1515150% of the 66 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.30 vs. LMT: 3.7 )
LMT' s 10-Year EBITDA Growth (%) Range
Min: -5.1   Max: 19.5
Current: 3.7
-5.1
19.5
EPS Growth (%) 1.8
LMT's EPS Growth (%) is ranked lower than
1785713% of the 56 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.50 vs. LMT: 1.8 )
LMT' s 10-Year EPS Growth (%) Range
Min: -0.2   Max: 38.6
Current: 1.8
-0.2
38.6
ยป LMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

LMT Guru Trades in Q2 2012

Ray Dalio 2,658 sh (New)
Joel Greenblatt 46,778 sh (New)
John Burbank 274,600 sh (New)
Steven Cohen 480,100 sh (+3893.18%)
Jeremy Grantham 63,220 sh (+246.41%)
Jean-Marie Eveillard 3,960,088 sh (+0.88%)
John Rogers 81,370 sh (unchged)
Meridian Funds 5,800 sh (unchged)
Tom Russo 350 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
John Buckingham 69,011 sh (-0.28%)
Wallace Weitz 180,000 sh (-1.42%)
RS Investment Management 469,065 sh (-1.53%)
Mario Gabelli 9,579 sh (-2.06%)
HOTCHKIS & WILEY 3,197,257 sh (-4.49%)
Brian Rogers 1,276,600 sh (-7.26%)
Ken Fisher 3,890 sh (-10.37%)
Tweedy Browne 211,022 sh (-12.15%)
Ruane Cunniff 3,200 sh (-25.58%)
Chris Davis 2,062,992 sh (-57.37%)
» More
Q3 2012

LMT Guru Trades in Q3 2012

Paul Tudor Jones 6,300 sh (New)
Louis Moore Bacon 10,820 sh (New)
John Burbank 574,300 sh (+109.14%)
Joel Greenblatt 55,390 sh (+18.41%)
Jean-Marie Eveillard 4,133,227 sh (+4.37%)
HOTCHKIS & WILEY 3,254,807 sh (+1.8%)
Brian Rogers 1,276,600 sh (unchged)
Meridian Funds 5,800 sh (unchged)
Ken Fisher 3,890 sh (unchged)
Tom Russo 350 sh (unchged)
Steven Cohen Sold Out
Ray Dalio Sold Out
Wallace Weitz Sold Out
Tweedy Browne 210,922 sh (-0.05%)
Jeremy Grantham 62,140 sh (-1.71%)
John Rogers 79,770 sh (-1.97%)
Mario Gabelli 9,099 sh (-5.01%)
John Buckingham 64,869 sh (-6%)
RS Investment Management 439,165 sh (-6.37%)
Ruane Cunniff 2,550 sh (-20.31%)
Chris Davis 6,284 sh (-99.7%)
» More
Q4 2012

LMT Guru Trades in Q4 2012

Ray Dalio 49,758 sh (New)
Steven Cohen 18,034 sh (New)
Paul Tudor Jones 12,500 sh (+98.41%)
Joel Greenblatt 75,844 sh (+36.93%)
Jean-Marie Eveillard 4,526,170 sh (+9.51%)
RS Investment Management 443,265 sh (+0.93%)
Tom Russo 350 sh (unchged)
Tweedy Browne 210,922 sh (unchged)
Ruane Cunniff 2,550 sh (unchged)
Ken Fisher 3,890 sh (unchged)
Meridian Funds 5,800 sh (unchged)
Louis Moore Bacon Sold Out
Chris Davis 6,268 sh (-0.25%)
John Buckingham 63,109 sh (-2.71%)
Brian Rogers 1,176,600 sh (-7.83%)
Mario Gabelli 8,299 sh (-8.79%)
HOTCHKIS & WILEY 2,672,779 sh (-17.88%)
John Rogers 62,870 sh (-21.19%)
John Burbank 160,400 sh (-72.07%)
» More
Q1 2013

LMT Guru Trades in Q1 2013

Jim Simons 100,700 sh (New)
Jeremy Grantham 13,878 sh (New)
Steven Cohen 369,507 sh (+1948.95%)
Ray Dalio 219,176 sh (+340.48%)
John Burbank 254,046 sh (+58.38%)
Paul Tudor Jones 15,900 sh (+27.2%)
RS Investment Management 549,265 sh (+23.91%)
Ken Fisher 4,317 sh (+10.98%)
Chris Davis 6,280 sh (+0.19%)
Tweedy Browne 210,922 sh (unchged)
Ruane Cunniff 2,550 sh (unchged)
John Rogers 62,870 sh (unchged)
Brian Rogers 1,176,600 sh (unchged)
Meridian Funds 5,800 sh (unchged)
John Buckingham 62,620 sh (-0.77%)
HOTCHKIS & WILEY 2,640,444 sh (-1.21%)
Mario Gabelli 7,799 sh (-6.02%)
Jean-Marie Eveillard 3,974,688 sh (-12.18%)
Tom Russo 300 sh (-14.29%)
Joel Greenblatt 61,648 sh (-18.72%)
» More
» Details

Insider Trades

Latest Guru Trades with LMT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Burbank 2013-03-31 Add 58.38%0.36%$86.7 - $96.52 $ 107.0618%254046
Ray Dalio 2013-03-31 Add 340.48%0.15%$86.7 - $96.52 $ 107.0618%219176
John Burbank 2012-12-31 Reduce -72.07%1.73%$87.58 - $94.87 $ 107.0616%160400
Jean-Marie Eveillard 2012-12-31 Add 9.51%0.13%$87.58 - $94.87 $ 107.0616%4526170
Joel Greenblatt 2012-12-31 Add 36.93%0.11%$87.58 - $94.87 $ 107.0616%75844
Ray Dalio 2012-12-31 New Buy0.05%$87.58 - $94.87 $ 107.0616%49758
John Burbank 2012-09-30 Add 109.14%1.25%$86.03 - $93.74 $ 107.0619%574300
Wallace Weitz 2012-09-30 Sold Out 0.71%$86.03 - $93.74 $ 107.0619%0
Ray Dalio 2012-09-30 Sold Out 0.0034%$86.03 - $93.74 $ 107.0619%0
Ruane Cunniff 2012-09-30 Reduce -20.31%$86.03 - $93.74 $ 107.0619%2550
John Burbank 2012-06-30 New Buy0.81%$80.51 - $91.62 $ 107.0624%274600
Joel Greenblatt 2012-06-30 New Buy0.3%$80.51 - $91.62 $ 107.0624%46778
Ray Dalio 2012-06-30 New Buy$80.51 - $91.62 $ 107.0624%2658
Ruane Cunniff 2012-06-30 Reduce -25.58%$80.51 - $91.62 $ 107.0624%3200
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 12.40
LMT's P/E(ttm) is ranked lower than
909090% of the 110 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.60 vs. LMT: 12.40 )
LMT' s 10-Year P/E(ttm) Range
Min: 7.55   Max: 65.87
Current: 12.4
7.55
65.87
P/B 876.36
LMT's P/B is ranked lower than
833333% of the 120 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.00 vs. LMT: 876.36 )
LMT' s 10-Year P/B Range
Min: 1   Max: 783.08
Current: 876.36
1
783.08
P/S 0.75
LMT's P/S is ranked lower than
781249% of the 128 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.91 vs. LMT: 0.75 )
LMT' s 10-Year P/S Range
Min: 0.26   Max: 1.23
Current: 0.75
0.26
1.23
PFCF 15.43
LMT's PFCF is ranked lower than
1111110% of the 90 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.10 vs. LMT: 15.43 )
LMT' s 10-Year PFCF Range
Min: 5.62   Max: 49.98
Current: 15.43
5.62
49.98
EV-to-EBIT 8.6
LMT's EV-to-EBIT is ranked lower than
900900% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.39 vs. LMT: 8.6 )
LMT' s 10-Year EV-to-EBIT Range
Min: 5   Max: 21.2
Current: 8.6
5
21.2
PEG 5.39
LMT's PEG is ranked lower than
1515150% of the 66 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.80 vs. LMT: 5.39 )
LMT' s 10-Year PEG Range
Min: 0.31   Max: 8.89
Current: 5.39
0.31
8.89
Shiller P/E 12.68
LMT's Shiller P/E is ranked lower than
100% of the Companies
in the Global Aerospace & Defense industry.

( Industry Median: vs. LMT: 12.68 )
LMT' s 10-Year Shiller P/E Range
Min: 9.23   Max: 116.75
Current: 12.68
9.23
116.75

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.02
LMT's Dividend Yield is ranked lower than
1282050% of the 78 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.82 vs. LMT: 4.02 )
LMT' s 10-Year Dividend Yield Range
Min: 0.62   Max: 4.88
Current: 4.02
0.62
4.88
Dividend Payout 0.6
LMT's Dividend Payout is ranked lower than
1666665% of the 60 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.30 vs. LMT: 0.6 )
LMT' s 10-Year Dividend Payout Range
Min: 0.21   Max: 0.89
Current: 0.6
0.21
0.89
Dividend growth (3y) 15.4
LMT's Dividend growth (3y) is ranked lower than
3333330% of the 30 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.00 vs. LMT: 15.4 )
LMT' s 10-Year Dividend growth (3y) Range
Min: -15.9   Max: 24.3
Current: 15.4
-15.9
24.3
Yield on cost (5-Year) 10.68
LMT's Yield on cost (5-Year) is ranked lower than
1234567% of the 81 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.08 vs. LMT: 10.68 )
LMT' s 10-Year Yield on cost (5-Year) Range
Min: 1.66   Max: 13.03
Current: 10.68
1.66
13.03
Share Buyback Rate 4.1
LMT's Share Buyback Rate is ranked lower than
3999996% of the 25 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.60 vs. LMT: 4.1 )
LMT' s 10-Year Share Buyback Rate Range
Min: 4.6   Max: -4
Current: 4.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 5.5
LMT's Price/Net Current Asset Value is ranked lower than
900900% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.70 vs. LMT: 5.5 )
LMT' s 10-Year Price/Net Current Asset Value Range
Min: 2.7   Max: 10
Current: 5.5
2.7
10
Price/DCF (Projected) 1.1
LMT's Price/DCF (Projected) is ranked lower than
1408449% of the 71 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.30 vs. LMT: 1.1 )
LMT' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 2
Current: 1.1
0.6
2
Price/Median PS Value 1
LMT's Price/Median PS Value is ranked lower than
793650% of the 126 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.00 vs. LMT: 1 )
LMT' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.5
Current: 1
0.7
1.5
Earnings Yield (Greenblatt) 11.60
LMT's Earnings Yield (Greenblatt) is ranked lower than
869564% of the 115 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.90 vs. LMT: 11.60 )
LMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.7   Max: 20.2
Current: 11.6
4.7
20.2
Forward Rate of Return (Yacktman) 8.52
LMT's Forward Rate of Return (Yacktman) is ranked lower than
1449274% of the 69 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.84 vs. LMT: 8.52 )
LMT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.1   Max: 34.3
Current: 8.52
-8.1
34.3

Business Description

Lockheed Martin Corporation was formed in 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. It is a Maryland corporation. It is a global security company that is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. It also provides a range of management, engineering, technical, scientific, logistic, and information services. The Company serves both domestic and international customers with products and services that have defense, civil, and commercial applications, with its principal customers being agencies of the U.S. Government. It operates in four principal business segments: Aeronautics, Electronic Systems, Information Systems & Global Services and Space Systems. Aeronautics is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Company's Electronic Systems segment manages complex programs and designs, develops, and integrates hardware and software solutions to ensure the mission readiness of armed forces and government agencies worldwide. Major lines of business include: air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems, anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The Company's Information Systems & Global Services (IS&GS) segment provides federal services, Information Technology (IT) solutions, and advanced technology expertise across a broad spectrum of applications and customers. IS&GS provides full life-cycle support and highly specialized talent in the areas of software and systems engineering, including capabilities in space, air, and ground systems, and also provides logistics, mission operation support, peacekeeping, and nation-building services for a variety of defense and civil government agencies in the U.S. and abroad. Space Systems is engaged in the design, research and development, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems, including activities related to the Space Shuttle and its planned replacement. The Company businesses are heavily regulated in most of its fields of endeavor. The Company deals with numerous U.S. Government agencies and entities, including all of the branches of the U.S. military, NASA, the U.S. Postal Service, the Social Security Administration, and the Departments of Defense, Energy, Justice, Health and Human Services, Homeland Security, State, and Transportation. Similar government authorities exist in other countries and regulate its international efforts.
Company Website
SEC Reports
Industry: Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON
Traded in other countries:LOM.Germany
ยป More Articles for LMT

Headlines

Articles On GuruFocus.com
Industrial Strength Stocks with Dividend Growth May 22 2013 
My Favorite Industrial Dividend Stocks With Low Forward P/E May 11 2013 
Lockheed Martin Declares Quarterly Dividend May 09 2013 
Raytheon Company (RTN) Dividend Stock Analysis Apr 25 2013 
General Dynamics (GD) Dividend Stock Analysis Mar 28 2013 
The 2013 Dividend Achievers Feb 27 2013 
The Best Yielding Ex-Dividend Stocks on Feb. 27, 2013 Feb 26 2013 
Lockheed Martin Corp: Fundamental Stock Research Analysis Feb 19 2013 
Lockheed Martin Corp. (LMT) Dividend Stock Analysis Feb 08 2013 
Pat Dorsey Discusses Fiscal Cliff and Beaten-Down Stocks Investors Should Consider Dec 22 2012 

More From Our Partners
Lockheed Martin Hits 52-Week High - Analyst Blog May 23 2013 - ZACKS

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial